Restaurant Brands New Zealand (RBD) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a quorum at 10:00 A.M., held both in person and online to enable broad shareholder participation.

• Online attendees could submit questions and vote via the Computershare platform, with instructions provided for both processes.

• The agenda and notice of meeting, including resolutions and annual reports, were circulated to all shareholders.

Financial performance review

• Group sales reached a record NZD 1.4 billion, up 5.4% year-on-year, with New Zealand and Hawaii as standout performers.

• Group store EBITDA increased by 8.9% to NZD 194 million, with margins rising to 13.9%. NPAT was NZD 26.5 million, up 62.6% from last year.

• Net operating cash inflows rose to NZD 133 million, and net debt decreased to NZD 253 million.

• 27 new stores opened and 40 refurbished; digital sales hit 40% of transactions.

• Australia and California faced challenging conditions, with California seeing a significant decline in profitability.

Board and executive committee updates

• All directors present, with six standing for reelection as per NZX rules; CEO and CFO introduced.

• Directors and executives addressed their backgrounds, commitment, and strategic focus.